Barclays analyst sets a price target of $220 for CBOE, indicating a potential upside of approximately 7.85%.
CBOE reported a revenue of $1.06 billion, with net income at $217.4 million (3Q 2024, reported on November 1st).
The company’s EPS stood at $2.08, with an EBITDA of $353.6 million, showcasing strong profitability and financial health.
Cboe Global Markets, Inc. (AMEX:CBOE) is a prominent player in the derivatives and securities exchange industry. It provides trading solutions across equities, derivatives, and foreign exchange markets in North America, Europe, and Asia Pacific. Cboe is set to release its fourth-quarter 2024 financial results on February 7, 2025, with a conference call scheduled to discuss these results.
Barclays analyst Benjamin Budish recently set a price target of $220 for CBOE, while the stock was trading at $203.99. This suggests a potential upside of approximately 7.85%. Investors will be keen to see if the upcoming financial results align with this optimistic outlook.
In its recent quarterly report, CBOE recorded a revenue of $1.06 billion. The company’s net income was $217.4 million, reflecting its strong financial performance. With a gross profit of $412.9 million and operating income of $307.4 million, CBOE demonstrates robust operational efficiency.
CBOE’s earnings per share (EPS) were reported at $2.08, indicating solid profitability. The company’s EBITDA, a measure of overall financial health, stood at $353.6 million. These figures highlight CBOE’s ability to generate earnings before interest, taxes, depreciation, and amortization.
The cost of revenue for CBOE was $642.8 million, and the income before tax was $309 million. After accounting for an income tax expense of $90.5 million, CBOE’s financial metrics underscore its strong market position and potential for future growth.